PayPal’s Rational Reckoning: A 90% Decline

Image Source: Pexels
I never understood PayPal’s (PYPL) success. They were a big deal back in the mid 1990s, and deservedly so, but they haven’t really innovated in over a quarter of a century. I found it especially comic a couple of years back when they trotted out advertisements positioning themselves as an AI company (!!!!!)
I can tell you that as both a user and a developer, Paypal is junk, so its nearly 90% (!!!!!!!!!) price decrease makes all the sense in the world. Nice to see there’s a little rationality hiding in some corners of even this market.

PayPal’s CEO in Jan’24: “We will shock the world.”
— High Yield Harry (@HighyieldHarry) February 3, 2026
2 years later, the stock has been dead money and he’s been canned pic.twitter.com/5e3sjDCewb
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